Royce Small-Cap Trust (NYSE:RVT) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Shares of Royce Small-Cap Trust, Inc. (NYSE:RVT) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $18.15 and traded as low as $17.82. Royce Small-Cap Trust shares last traded at $17.9080, with a volume of 1,847,208 shares traded.

Royce Small-Cap Trust Trading Down 0.5%

The business has a 50-day moving average price of $18.15 and a 200-day moving average price of $17.71.

Royce Small-Cap Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 11th were issued a $0.31 dividend. This is a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.24 annualized dividend and a yield of 6.9%.

Hedge Funds Weigh In On Royce Small-Cap Trust

Hedge funds have recently made changes to their positions in the business. Western Wealth Management LLC bought a new stake in Royce Small-Cap Trust in the first quarter valued at about $28,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Royce Small-Cap Trust in the 2nd quarter worth approximately $28,000. Fairway Wealth LLC acquired a new position in shares of Royce Small-Cap Trust in the 1st quarter worth approximately $33,000. Private Wealth Asset Management LLC bought a new position in shares of Royce Small-Cap Trust during the 4th quarter worth approximately $52,000. Finally, Assetmark Inc. lifted its position in shares of Royce Small-Cap Trust by 176.4% during the 1st quarter. Assetmark Inc. now owns 3,701 shares of the financial services provider’s stock worth $61,000 after buying an additional 2,362 shares during the period. Institutional investors and hedge funds own 25.57% of the company’s stock.

Royce Small-Cap Trust Company Profile

Royce Small-Cap Trust (NYSE:RVT) is a closed-end management investment company that seeks to provide investors with long-term capital appreciation by investing primarily in the common stocks of small-capitalization companies. The trust is structured to trade on the New York Stock Exchange, offering shares that represent an undivided interest in a diversified portfolio of U.S. small-cap equities. As a closed-end vehicle, the fund may employ leverage to enhance returns and reinvest dividends to support growth over time.

The trust’s investment strategy is driven by fundamental, bottom-up research, focusing on companies with market capitalizations typically falling within the small-cap spectrum.